STUDY FOR THE SECURITIES INDUSTRY ESSENTIALS EXAM (SIE) EXAM

  Planning to take the SIE Exam shortly? Don't neglect Economic Factors, such as Monetary and Fiscal Policy. You need to be able to define these, and have knowledge about how they differ. How do I know this? FINRA publishes a Content Outline for the Securities Industry Essentials Exam, and Section 1.3.1 of the Content Outline specifically mentions Monetary and Fiscal Policy. Bob Eder in his Study for the Securities Industry Essentials (SIE) Exam discusses the differences between Fiscal and Monetary Policy. Here is a sample of Bob Eder's discussion: Fiscal Policy                                                                (1.3.1) The budget for the United States is set by Congress. Congress decid...

Facing the Securities Industry Essentials (SIE) Exam? Then be prepared for questions on the Federal Reserve Bank and Economic Factors. FINRA'S SIE Exam Content Outline lists Economic Factors under Section 1.3.1. Therefore, FINRA is telling us that these topics may very well be asked on your SIE Exam. Bob Eder in his Study for the Securities Industry Essentials (SIE) Exam covers the Fed, Open Market Activities, and various economic factors, such as interest rates. Here's a sample of Bob Eder's treatment of these economic factors: Federal Open Market Committee (FOMC) (1.3.1) Members of FOMC The FOMC is composed of the seven Fed governors, and the president of the Federal Reserve Bank of New York, plus four other Fed bank presidents, selected on a rotating basis from the other 11 Federal Reserve Banks.       FOMC Meets Every Six Weeks The FOMC meets approximately every six weeks to decide whether to increase the money supply, decrease it, or leave it unchanged. The...

When preparing for the Securities Industry Exam (SIE), don't overlook Municipal Fund Securities. More than one SIE candidate has sat for test only to be surprised that there were questions on Municipal Fund Securities. First of all, you need to know the different types of these securities, such as 529 Plans, Local government investment pools, and ABLE accounts. Then you need to know the different characteristics of each of these three types. How do I know that the SIE Exam contains questions on Municipal Fund Securities? I know this because FINRA's Content Outline for the SIE Exam specifically identifies these securities in Section 2.1.5 as covered by the test. Bob Eder in his Study for the Securities Industry  Essentials Exam (SIE) discusses Municipal Fund Securities in detail. Here is a sample of Bob Eder's treatment: Municipal Fund Securities                         ...